Article Artículo
Congress Closes in on US Military Participation in Saudis’ Genocidal WarMark Weisbrot / November 15, 2018
Article Artículo
Labor Market Policy Research Reports, November 2018CEPR regularly publishes a curated collection of original research from academic institutions and nonprofits on the state of the US labor market. The compilation is part of our ongoing effort to promote informed debate on the most important economic and social issues that affect people's lives.
The Brookings Institution
Learning from Opportunity Zones: How To Improve Place-Based Policies
Congress’ 2017 tax bill sought to funnel investment to economically distressed neighborhoods by creating Opportunity Zones. However, broad criteria for inclusion gave state decision makers considerable latitude in their selection processes. Some of the designated areas appear to be truly disadvantaged, but many are not. While the program’s design already constrains its benefits for impoverished residents, lackluster geographic targeting further limits its potential.
Work Requirements and Safety Net Programs
This analysis adds to the growing body of evidence that suggests that the subset of SNAP and Medicaid participants targeted for work requirements is vanishing. Meanwhile, the proposed work requirements would disproportionately burden those who are already working or who are legitimately unable to work.
CEPR and / November 14, 2018
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Democrats Need Pelosi to Promote Progressive Policies as House SpeakerDean Baker
Newsday, November 13, 2018
Dean Baker / November 14, 2018
Article Artículo
Core Inflation Slightly Trails that of the 1990s Economic ExpansionKevin Cashman / November 14, 2018
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Jump in Energy Prices Leads to 2.5 Percent Inflation Over Last YearNovember 14, 2018 (Prices Byte)
Dean Baker / November 14, 2018
Article Artículo
US Drug Prices Started to Explode in the 1980s, Contrary to What the NYT Tells YouCEPR / November 13, 2018
Article Artículo
NYT Can't Distinguish Between Patent Monopolies and Licensing RequirementsCEPR / November 12, 2018
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Learning From 3.7 Percent Unemployment: It’s More Than Just a NumberDean Baker
Truthout, November 12, 2018
Dean Baker / November 12, 2018
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Trump Was Handed a Major Defeat on Tuesday and There Will Be MoreMark Weisbrot / November 10, 2018
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Securing Justice: Advice for the New CongressEileen Appelbaum / November 09, 2018
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Good News, the Stock Market Is Plunging: Thoughts on WealthThis post was originally published on my Patreon page.
Several people on my Twitter feed touted the drop in the stock market last month as evidence of the failure of Donald Trump’s economic policy. I responded by pointing out that he was reducing wealth inequality. I was being only half facetious.
I have always been less concerned about wealth than income both because I think wealth is less well-defined and because income is the more important determinant of living standards. In the case of the stock market plunge, the vast majority of the losses go to the richest 10 percent of the population and close to half go to the richest 1 percent, for the simple reason that this is the distribution of stock ownership.
When people decry the rise in inequality in wealth over the last decade, they are basically complaining about the run-up in the stock market. The real value of the stock market has roughly tripled from its recession lows. With the richest one percent holding close to 40 percent of stock wealth and the richest 10 percent holding more than 80 percent, a tripling in the value of the stock market pretty much guarantees a big increase in wealth inequality. If we think this increase is bad, then why would we not think a drop in the stock market is good?
There is a correlation between the stock market and economic growth. The market generally rises when the economy is strong and falls in recessions, but this link is weak. Remember the recession of 1988?
I hope not, because the economy continued to grow at a healthy pace until the summer of 1990. This is in spite of the stock market’s largest one-day drop ever in October of 1987. (It did recovery half of its value by the end of the year.)
In short, the recent plunge in the market tells us little about the future direction of the economy. If we are troubled by wealth inequality then we should be happy, rich people now have substantially less wealth.
CEPR / November 09, 2018
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If Amazon Splits Its New Headquarters in Half, Does That Mean It Just Gets Half of the Incentives from Each City?CEPR / November 06, 2018
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Tuesday’s Election: Racism and Anti-Semitism Versus Social Security and MedicareDean Baker
Truthout, November 6, 2018
Dean Baker / November 05, 2018
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When it Comes to Short-Term Economic Results, Momentum Matters More than PresidentsJared Bernstein and Dean Baker
The Washington Post, November 5, 2018
Dean Baker and / November 05, 2018
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Do Economists Say Government Deficits Impose a Burden on Our Kids Or Is It Just the Washington Post?CEPR / November 03, 2018
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The Trump Economy Ranks Low in Job Growth Compared to that of Other PresidentsKevin Cashman / November 02, 2018
Jobs Byte Artículo
Economy Adds 250,000 Jobs in October, Employment Rate Hits Recovery HighNovember 2, 2018 (Jobs Byte)
Dean Baker / November 02, 2018